When it comes to using a Tax-Free Savings account many people are not taking advantage of its primary purpose…to allow your money to compound on a Tax-Free Basis.

Many people treat their TFSA like a revolving door, depositing money only to take it out within the same year. This defeats the purpose of using a Tax-Free Savings Account. Additionally, many investors are investing in High Intrest Savings within their TFSA rather than equities.

A TFSA can hold a wide variety of securities such as stocks, bonds, mutual & segregated funds, and GICs.

Watch this video to learn how to Supercharge your TFSA? It’s not what you think and you’re going to be surprised.

If you’re asking the question “How much money do I need to retire in Canada comfortably?” know that you’re not alone. This question happens to be the most asked question around retirement next to “When should I start receiving my CPP benefits?”

Everyone’s situation is different and there are a lot of factors that go into answering this question: your age at retirement, your lifestyle, your pension, your OAS amount, and of course a lot more.

In this video, I’ll show you:

✅ The #1 thing retirees do to have a successful retirement

✅ 3 steps you can take now to get back on track for retirement in Canada

✅ 3 areas to avoid that will Kill your retirement in Canada

✅ 2 case examples of actual client’s retirement experience in Canada

✅ The #1 step you need to take to have enough money to retire in Canada

Are you investing in an RRSP? We’re going to explain the proper use of an RRSP including what to do if you think you’re behind schedule with your savings goal.

✅ RRSP Contribution Limits

✅ What to do with your Refund RRSP is an acronym for “registered retirement savings plan.”

This definition sounds mighty dry when you consider how RRSPs are superheroes of modern retirement planning for Canadian — true tax-obliterating, retirement-enriching wonders of the modern world.

A Registered Retirement Savings Plan (RRSP) is a retirement account that’s existed since 1957. RRSPs were introduced by the government to help Canadians save for retirement. The main benefit of RRSPs is that tax on RRSP contributions is deferred until retirement.

Here’s How To Increase Your Retirement Account by a Whopping $400,000 Many people are simply not saving enough for Retirement. Learn how to find $5,000 in unnecessary expenses and how to generate $5,000 of additional income.

Strategies for investor and their portfolios through challenging markets.

In this video, we discuss investment principles that can affect your long-term investment success such as:

➤ How long you will live during retirement

➤ How inflation can affect your purchasing power

➤ The power of dividends and compounding

➤ Avoiding emotional investment and trading on fear

➤ Investing during times of volatility

➤ How to Diversify your portfolio and why

➤ Staying invested and avoid trying to time the market Successful long-term investing involves crafting a well-diversified portfolio with low correlation. 60/40 Equity/Fixed income portfolios (Balanced) have done well for many investors although you must keep in mind your own risk tolerance timelines and personal investment goals.

This happens to be the number question for nearly everyone saving for retirement. Asking this question demonstrates your seriousness about achieving your retirement goals. The best way to start is to hire a financial advisor and well…that’s where I can help. Although if you want to try first here’s how to do it:

1️⃣ Begin with the end in mind – How much money will need annually or monthly? If you’re not sure, the average annual expenses spent by a couple in Canada was $57,000 (after-tax).

2️⃣ Government Benefits – Determine how much you expect to receive from Canada Pension Plan (CPP) Old Age Security (OAS). If you receive the average CPP payment, plus OAS, you will have $1,608.29 per month. That’s $19,299.48 per year, gross.

3️⃣ Employer Pension – Will you receive an employer pension?

4️⃣ Passive Income – Do you have any other income streams such as real estate rental income?

5️⃣ Add up all your projected income streams and subtract that from your retirement income need. The difference is the amount of annual income you will need to generate throughout your retirement.

6️⃣ Time value of money – Calculate how much money is needed to produce the annual income needed (the shortfall identified in step 5).